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Alexxandr [17]
3 years ago
12

It takes K’s Boutique an average of 53 days to sell its inventory and an average of 16.8 days to collect its accounts receivable

. The firm has sales of $942,300 and costs of goods sold of $692,800. What is the accounts receivable turnover rate? Assume a 365-day year.
Business
1 answer:
dezoksy [38]3 years ago
5 0

Answer:

The accounts receivable turnover rate is 21.73

Explanation:

The formula for accounts receivable turnover is

365/Average days to collect.

This way we can find how many times a year does the company collect payments for its accounts receivable, so when we divide the total number of days in a year by the average number of days to collect we can calculate how many times we collect payment for accounts receivable.

In the question we are given the average days to collect which is 16.8

We have to put that into a formula

365/16.8=21.73

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Permanent insurance plans include various options available to the policyowner. What whole life insurance policy options protect
lesantik [10]

Answer:

Non-forfeiture option

Explanation:

Insurance is usually taken to guard against uncertainty of an event in the future. For example if a fire breaks out in an office, insurance can be used to regain an agreed portion of the office value from the insurance company.

It is a way of guarding against risk.

Non-forfeiture option is used to prevent unintentional coverage payment lapse.

This is done with the use of automatic premium loan and grace periods in case of default.

4 0
3 years ago
Which account would you have a debit card linked to?
yulyashka [42]
D) checking account
3 0
3 years ago
The business judgment rule is important because it reflects the principle that ________, not _________, have the greatest latitu
Shalnov [3]

Answer: d. company directors; shareholders

Explanation: The conduction and management of a business usually involve making controversial decisions or taking actions that might put the business at risk. In a general sense, greater profits calls for greater risks. As such, the business judgement rule states that the board of directors should be allowed to make such decisions without fear of prosecution by shareholders who might object while acknowledging that managers are not capable of making optimal decisions at all times. The rule therefore aid in protecting a business's board of directors from slight legal allegations about the conduct of business. It is thus important because it reflects the principle that company directors, not shareholders, have the greatest latitude to run companies.

6 0
3 years ago
Your colleagues at work are constantly talking about the vice-president in your region. He is perceived throughout the organizat
sergij07 [2.7K]

Answer:

The correct answer is B) coercive.

Explanation:

A coercive boss is a rigid and inflexible leader. When this style is used, the leader chooses to give many direct orders without offering his subordinates the opportunity to express their ideas and opinions.

This leader not only does not opt for the reward system but also focuses on criticizing and punishing the failures generated by disobedience. Therefore, the motivation of the team suffers greatly from the inability of employees to perceive that thanks to their work, business objectives are being achieved.

It is usually the least effective management style but ... it may be recommended in crisis situations when it is necessary to show authority and employees need clear and direct orders.

5 0
3 years ago
Moyer Corporation is a specialty component manufacturer with idle capacity. Management would like to use its extra capacity to g
ludmilkaskok [199]

Answer:

$174,215

Explanation:

2,300 units of product

will require: 9 units of material F58

9 x 2,300 = 20,700 units of F58

The relevant cost will be the market price as it will be replenished and used in the future.

20,700 x $4.65 = $96,255‬

it will also require 7 units of material D66

2,300 x 7 = 16,100 units of D66

The minimum price for this will be the diposal value as currently aren't used and generate an inventory cost for the firm.

currently in stock 15,700 at $4.80 = $ 75,360

The difference will need to be purchased thus, market price.

purhcase of 400 units at $6.50    = $    2,600

Total cost:                                          $  77,960

Total cost of materials:

77,960 + 96,255 = 174,215

5 0
3 years ago
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